Growing restructuring and insolvency firm CVR Global is laying foundations for further expansion by doubling its London-based office space.
The firm is moving into 3,425 square foot premises on Furnival Street in Holborn this Autumn after outgrowing its 1,676 square foot office on Fetter Lane in Farringdon.
It comes as CVR Global – which launched in 2015 – has increased its annual turnover from £5.5 million to £8.2 million over the past three years, with ambitions to take its London workforce from the current 25 up to 40 people over the next three years.
“This office move is our launch pad for further long-term growth and will enable us to meet increasing client demand,” said Richard Toone, Managing Partners at CVR Global.
“We’ve rapidly expanded our reach since forming in 2015. Key drivers of this growth include an increasing amount of recovery work involving SME businesses, as well as cross-border asset recovery and complex litigation cases.
“SME recovery work has been somewhat exacerbated given the uncertainty of Brexit, and we anticipate this will continue to rise in the future as businesses feel the impact of the final outcome.
“Our London base sits at the heart of the eight offices we have spread across the UK, and we are hoping to mirror this growth in other locations where we have established our presence by welcoming on board some of the insolvency and restructuring industry’s most sought-after practitioners, including David Elliot in Medway and Steve Ramsbottom in Bristol.”
Gale Priggen & Co acted for CVR Global, which Cushman & Wakefield are letting agents for the newly refurbished building, acting on behalf of a private landlord.